Stephens Initiates Coverage on LiqTech International (NYSEAMERICAN:LIQT)

Stephens assumed coverage on shares of LiqTech International (NYSEAMERICAN:LIQT) in a report issued on Monday, The Fly reports. The firm issued an overweight rating and a $13.00 price objective on the industrial goods maker’s stock.

A number of other equities analysts have also recently commented on the company. Craig Hallum reiterated a buy rating and set a $13.00 price target (up previously from $12.00) on shares of LiqTech International in a report on Tuesday, May 14th. Zacks Investment Research upgraded Hudson Technologies from a sell rating to a hold rating in a report on Wednesday, May 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $11.60.

LiqTech International stock opened at $9.99 on Monday. LiqTech International has a 52 week low of $2.72 and a 52 week high of $10.69.

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in LiqTech International during the fourth quarter worth approximately $29,000. Deutsche Bank AG lifted its position in LiqTech International by 597.3% during the fourth quarter. Deutsche Bank AG now owns 103,085 shares of the industrial goods maker’s stock worth $141,000 after acquiring an additional 88,302 shares during the last quarter. FNY Investment Advisers LLC lifted its position in LiqTech International by 11.3% during the first quarter. FNY Investment Advisers LLC now owns 149,276 shares of the industrial goods maker’s stock worth $320,000 after acquiring an additional 15,176 shares during the last quarter. 1492 Capital Management LLC acquired a new stake in LiqTech International during the first quarter worth approximately $493,000. Finally, Apis Capital Advisors LLC lifted its position in LiqTech International by 3.1% during the first quarter. Apis Capital Advisors LLC now owns 460,000 shares of the industrial goods maker’s stock worth $989,000 after acquiring an additional 14,000 shares during the last quarter.

About LiqTech International

LiqTech International, Inc, a clean technology company, provides technologies for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company manufactures and sells ceramic silicon carbide membranes and systems for liquid filtration under the LiqTech, Cometas, and Provital brand names, which are used for the filtration of produced water, pre-filtration of reverse osmosis drinking water, industrial applications, producing clean drinking water, and pool and spa water, as well as marine scrubber bleed water.

Read More: Hold Rating

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